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This is an archive article published on June 12, 1998

SEBI chief8217;s assurance

NEW DELHI, June 11: Sebi chairman D R Mehta has ruled out any payment crisis on the stock exchanges. There is absolutely no payment crisis...

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NEW DELHI, June 11: Sebi chairman D R Mehta has ruled out any payment crisis on the stock exchanges. 8220;There is absolutely no payment crisis; it8217;s just a rumour floated by some operators. Despite all the volatility in the markets for the past few days, NSE completed its settlement without any problems on Wednesday. BSE too will complete its settlement on Friday without any major hitches.8221; According to Mehta, the pay-in in BSE went off smoothly. 8220;Only one broker failed to cough up his margin money initially but, later he too paid up.8221;

 

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